options crt; out lucas; doc YR "Year of observation, from 1929 to 1965"; doc HW "Real Hourly Compensation, annual compensation per full-time\ equivalent employee divided by implicit GNP deflator and\ annual hours worked by full-time employees, index, 1929=100"; doc PGNP "Implicit GNP Deflator, index, 1929=100"; doc N "Employment, persons engaged times annual hours worked by\ full-time employee, index, 1929=100"; doc POP "Population with fixed age-sex distribution, index, 1929=100"; doc QL "Labor Quality, index, 1929=100"; doc RGNP "Real GNP, index, 1929=100"; doc U "Percent of the Labor Force Unemployed - .025 IS 2.5%"; doc R "Moody's AAA Bond Rate - in percentage points"; ?Source: Robert E. Lucas, Jr., and Leonard A. Rapping, "Real ?Wages, Employment, and Inflation," in Edmund S. Phelps, ed., ?Microeconomic Foundations of Employment and Inflation Theory, New ?York: W.W. Norton & Co., 1970, pp. 257-305. Data taken from ?Appendix I, "Variables Used in Regressions", p. 286. ?Note: Lucas-Rapping state on p. 257 that "All regression results ?reported in this paper are based on data series to more significant ?digits than those reported in this table. ?The data were rounded to make the table more readable. load; end; noprint; freq a; smpl 29 65; load @YR HW PGNP N POP QL RGNP U R; 1929 100.0 100.0 100.0 100.0 100.0 100.0 .032 4.73 1930 102.0 97.4 93.5 102.0 100.7 90.1 .089 4.55 1931 106.7 88.5 85.5 103.0 101.5 83.2 .163 4.58 1932 108.4 79.4 75.6 104.0 102.4 70.8 .241 5.01 1933 104.7 77.5 76.1 105.0 103.3 69.5 .252 4.49 1934 109.1 83.4 76.8 106.0 104.1 75.8 .220 4.00 1935 110.5 84.2 81.1 108.0 105.0 83.3 .203 3.60 1936 112.3 84.4 89.3 109.0 105.9 94.8 .170 3.24 1937 114.2 87.9 93.3 111.0 106.8 99.8 .143 3.26 1938 117.8 86.8 86.7 111.0 107.7 94.7 .191 3.19 1939 121.1 85.4 90.7 113.0 108.6 102.8 .172 3.01 1940 122.2 86.8 94.5 114.0 109.6 111.6 .146 2.84 1941 124.6 93.3 104.6 115.0 110.7 129.5 .099 2.77 1942 128.4 104.7 116.2 117.0 111.8 146.3 .047 2.83 1943 132.7 112.3 131.2 118.0 112.1 165.6 .019 2.73 1944 139.4 115.0 134.1 119.0 114.0 177.5 .012 2.72 1945 148.2 118.0 125.7 120.0 115.1 174.5 .019 2.62 1946 149.7 131.8 109.7 121.0 116.3 153.5 .039 2.53 1947 148.5 147.4 108.6 122.0 117.4 152.2 .039 2.61 1948 150.6 157.3 109.5 123.0 118.6 159.0 .038 2.82 1949 157.2 156.3 105.8 125.0 119.8 159.2 .058 2.66 1950 172.7 158.5 107.8 124.0 121.0 174.5 .053 2.62 1951 168.5 169.2 114.1 125.0 122.2 188.3 .033 2.86 1952 174.4 172.9 116.1 126.0 123.4 194.1 .031 2.96 1953 183.3 174.5 116.6 127.0 124.6 202.8 .029 3.20 1954 187.5 177.1 112.1 128.0 125.8 199.9 .056 2.90 1955 192.7 179.6 115.3 129.0 127.1 215.1 .044 3.06 1956 197.7 185.8 117.0 131.0 128.3 219.1 .042 3.36 1957 202.8 192.7 115.5 132.0 129.6 222.2 .043 3.89 1958 205.2 197.6 112.3 133.0 130.8 219.7 .068 3.79 1959 207.5 200.8 117.7 135.0 132.1 233.7 .055 4.38 1960 212.5 204.2 118.8 138.0 133.4 239.5 .056 4.41 1961 218.2 206.3 117.7 139.0 134.7 244.2 .067 4.35 1962 221.9 209.1 121.6 142.0 135.9 260.2 .056 4.33 1963 227.3 211.9 122.9 144.0 137.2 270.6 .057 4.26 1964 234.4 215.2 125.5 146.0 138.4 284.9 .052 4.40 1965 238.3 219.2 129.7 149.0 139.6 301.8 .045 4.49